Izuchukwu Okosi
American Multi billionaire Todd Boehly has completed the takeover of Chelsea Football Club and has promised to build on the team’s “remarkable history of success” after months of uncertainty.
Join our WhatsApp ChannelBoehly’s consortium fought several serious rivals to become the new Chelsea owners, in a sale process that started on March 2 and comprised more than 250 enquiries.
Los Angeles Dodgers co-owner Boehly will “share joint control and equal governance of the club” with main partner Clearlake Capital investment firm.
Boehly will serve as chairman of the holding company, backing up his status as controlling owner – a set-up reached by virtue of his robust working relationship with Clearlake chief Behdad Eghbali.
“We are honoured to become the new custodians of Chelsea Football Club,” Boehly said.
“We’re all in – 100 per cent – every minute of every match.
“Our vision as owners is clear: we want to make the fans proud.
“Along with our commitment to developing the youth squad and acquiring the best talent, our plan of action is to invest in the club for the long term and build on Chelsea’s remarkable history of success.
“I personally want to thank ministers and officials in the British government, and the Premier League, for all their work in making this happen.”
Russian-Israeli billionaire Abramovich’s 19-year tenure as Chelsea owner is now at an end.
The 55-year-old steered Chelsea to 19 major trophies, changing the face of English football forever with his major investment and drive for success.
Abramovich officially put the club up for sale on March 2, amid Russia’s continued invasion of Ukraine.
The UK Government then sanctioned Abramovich on March 10, claiming to have proven his links to Vladimir Putin.
Chelsea were able to continue to operate thanks to a strict, temporary Government licence, with Abramovich’s other UK assets frozen.
Izuchukwu Okosi is a Nigerian sports and entertainment journalist with two decades of experience in the media industry having begun his media journey in 2002 as an intern at Mundial Sports International (MSI) and Africa Independent Television (AIT), owners of Daar Communications Plc.
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